CFTC to Host Cryptocurrency CEO Forum to Discuss Digital Asset Market Pilot Program

On June 6, Coinglass data shows the Coinbase Bitcoin premium index has stayed in negative premium territory for 19 consecutive days, currently sitting at -0.0401% — a narrowing compared to earlier levels. This indicates marginal selling pressure on BTC in the U.S. market has eased, yet the 19-day stretch in negative premium signals U.S. demand for Bitcoin hasn’t fully recovered. Moving forward, it’s critical to monitor whether this index can return to positive premium range. If the Coinbase premium continues to rebound, it may imply a return of U.S. buying interest; if the negative premium widens again, BTC prices could face renewed selling pressure from the U.S. market.

June 6: Per HyperInsight’s monitoring, as ETH fell below $1,600, the whale linked to BIT (formerly Matrixport) holds a 120,000 ETH long position with 15-20x leverage. The position is currently facing over $84 million in liquidation losses and has already paid $1.85 million in funding fees.

June 6, per HTX market data, ZEC has staged a robust rebound today, surging above $400 at one point and currently trading at $374.41, marking a more than 48% bounce from yesterday’s low.

June 6 — Another cross-border brokerage firm is joining Futu, Tiger, and Changqiao in cleaning up its onshore China business. Huasheng Securities informed clients in a June 6 morning notice that starting June 15 (Beijing time), it will adjust services for its existing mainland China investors: 1. Onshore China trading: New position openings and additional purchases of all securities are suspended; only sell-offs and closing transactions will be allowed. 2. Onshore China fund transfers: Inbound fund and securities transfers are paused, while outbound transfers remain operational. The notice states the adjustment is to comply with industry regulatory requirements during a 2-year rectification period, aimed at standardizing the development of cross-border securities business. It emphasized the changes will not affect services for existing overseas investors or the security of all client assets. Existing mainland investors can still access account inquiries, hold current positions,

June 6 – According to the Chinese official outlet Procuratorial Daily, three individuals named Lin, Zeng, and Dai conspired to use cryptocurrency transactions as a cover for theft. Their scheme: they secretly recorded a victim’s digital wallet private key during a transaction, then logged into the victim’s wallet to reverse the transfer once the cryptocurrency was received, moving the funds back to accounts they controlled. The trio pulled off this scam three times, causing the victim to lose a total of 660,000 RMB. The first-instance court in Wuhan initially ruled against using the victim’s 660,000 RMB loss to label the case as involving an “especially large financial amount,” citing a lack of clear judicial interpretations for cryptocurrency valuation and sentencing standards. Instead, the court convicted the three under the legal category of “other serious circumstances,” sentencing them to prison terms ranging from five and a half to eight years, plus fines. The Han Yang Dist

June 6 — According to Onchain Lens, the whale known as "7 Siblings" has once again dropped $18.03 million to buy 11,759 ETH. The whale currently holds 10 million USDC, giving it ample capital to continue purchasing ETH. There’s a strong possibility this whale may even leverage up to scoop up more ETH in the coming days.